[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion] Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao

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• 2026.04.07 16:18
• [MOL Group builds 40MWh battery energy storage system in Hungary]
• Recently, MOL Group announced that it has successfully built a 40MWh battery energy storage system in the MOL petrochemical plant in Tissa'uyvaros, Hungary. The project is located next to the end-user factory and is currently the largest battery energy storage facility in eastern Hungary. The operation of this system will directly serve the power consumption of the factory area, significantly improving energy efficiency and operational economy.Editor/Yang Meiling

• 2026.04.07 16:18
• [Elo Energy's 5MWh energy storage system has passed UL's rigorous explosion test]
• SolaX Power recently announced that its ORI 5MWh energy storage system has successfully completed full-scale system level detonation testing under the guidance of UL Solutions. This test is conducted based on the UL 9540A: 2025 draft framework and is UL's first system level deflagration assessment worldwide. The test intentionally triggered thermal runaway of the battery cell in a controlled environment and kept the ventilation system closed, fully simulating the extreme process of combustible gas release, accumulation, and even detonation. The test scenario is designed based on high demand parameters, with the ignition point set at a location that may exacerbate pressure and flame turbulence. In the end, the system structure remained intact and successfully passed the strict thermal runaway safety verification.Editor/Yang Meiling